All stories about BoardNews on BoardProspectshttp://news.boardprospects.com/category/5/boardnews/All stories about BoardNews on BoardProspectsen-usMon, 19 Mar 2018 10:19:50 -0400Kavya Kothiyallivemint.comActivist Investor Elliott Sets Sights on Troubled Fortishttp://moves.boardprospects.com/articles/2909228/activist-investor-elliott-sets-sights-on-troubled-/Hedge fund giant Paul Singer-led Elliot is mopping up Fortis shares in a rare show of interest in a public company traded solely on Indian exchanges...Mon, 19 Mar 2018 10:07:53 -0400http://moves.boardprospects.com/articles/2909228/activist-investor-elliott-sets-sights-on-troubled-/BoardNews
<p>Hedge fund giant Paul Singer-led Elliot is mopping up Fortis shares in a rare show of interest in a public company traded solely on Indian exchanges...</p>
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Will MartinWillMartin19Business InsiderAn Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changeshttp://moves.boardprospects.com/articles/2909333/an-activist-investment-fund-just-became-one-of-bar/Sherborne, an investment vehicle headed up by renowned activist investor Edward Bramson, has acquired a stake of more than 5% in Barclays. Sherborne is now Barclays' fourth-largest shareholder. Only Capital Group, the Qatar Investment Authority, and BlackRock have larger stakes. The investment comes just a few weeks after Barclays revealed a lacklustre set of annual results for the 2017 financial year...Mon, 19 Mar 2018 10:19:50 -0400http://moves.boardprospects.com/articles/2909333/an-activist-investment-fund-just-became-one-of-bar/BoardNews
<ul>
<li>Sherborne, an investment vehicle headed up by renowned activist investor Edward Bramson, has acquired a stake of more than 5% in Barclays.</li>
<li>Sherborne is now Barclays' fourth-largest shareholder.</li>
<li>Only Capital Group, the Qatar Investment Authority, and BlackRock have larger stakes.</li>
<li>The&nbsp;investment comes just a few weeks after Barclays revealed a lacklustre set of annual results for the 2017 financial year...</li>
</ul>
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Claudia AssisMarketWatchWarren Buffett Makes Less Than Twice Typical Berkshire Employeehttp://moves.boardprospects.com/articles/2908710/warren-buffett-makes-less-than-twice-typical-berks/Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company's typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire's second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years...Sun, 18 Mar 2018 06:14:00 -0400http://moves.boardprospects.com/articles/2908710/warren-buffett-makes-less-than-twice-typical-berks/BoardNews
<p>Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company&rsquo;s typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire&rsquo;s second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years...</p>
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Business InsiderTop Nike Exec Resigns Amid Investigation into Alleged Improper Behavior by Employeeshttp://moves.boardprospects.com/articles/2902792/top-nike-exec-resigns-amid-investigation-into-alle/Reuters/Beck Diefenbach Trevor Edwards, Nike's brand president, has resigned effective immediately. The resignation comes amid a probe by the company into alleged improper behavior at the company by employees, though the nature of the behavior is unclear. Edwards was seen as a possible successor to CEO Mark Parker...Fri, 16 Mar 2018 14:33:22 -0400http://moves.boardprospects.com/articles/2902792/top-nike-exec-resigns-amid-investigation-into-alle/BoardNews
<p>Reuters/Beck Diefenbach</p>
<ul>
<li>Trevor Edwards, Nike's brand president, has resigned effective immediately.</li>
<li>The resignation comes amid a probe by the company into alleged improper behavior at the company by employees, though the nature of the behavior is unclear.</li>
<li>Edwards was seen as a possible successor to CEO Mark Parker...</li>
</ul>
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4-traders : one website, all marketsNewell Brands : Carl Icahn Discloses 6.9 Percent Stake in Newell Brandshttp://moves.boardprospects.com/articles/2903728/newell-brands-carl-icahn-discloses-6-9-percent-sta/(Reuters) - Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie maker Newell Brands Inc and said he would talk to the company about possible representation on its board of directors. (Reuters) - Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie maker Newell Brands Inc and said he would talk to the company about possible representation on its board of directors. Icahn had said earlier this month he owned a "large position" in Newell...Fri, 16 Mar 2018 03:00:00 -0400http://moves.boardprospects.com/articles/2903728/newell-brands-carl-icahn-discloses-6-9-percent-sta/BoardNews
<p>(Reuters) - Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie maker Newell Brands Inc and said he would talk to the company about possible representation on its board of directors. (Reuters) - Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie maker Newell Brands Inc and said he would talk to the company about possible representation on its board of directors. Icahn had said earlier this month he owned a "large position" in Newell...</p>
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NASDAQ Stock MarketPaul Jacobs Not To Be Re-Nominated To Qualcomm Board As He Explores Proposalhttp://moves.boardprospects.com/articles/2905090/paul-jacobs-not-to-be-re-nominated-to-qualcomm-boa/(RTTNews.com) - Qualcomm Inc. (QCOM) announced on Friday evening that Paul Jacobs will not be re-nominated to its board of directors at its Annual Meeting of Stockholders on March 23, 2018, following his decision to explore the possibility of making a proposal to acquire the company. Qualcomm ...Sat, 17 Mar 2018 10:49:00 -0400http://moves.boardprospects.com/articles/2905090/paul-jacobs-not-to-be-re-nominated-to-qualcomm-boa/BoardNews
<p>(RTTNews.com) - Qualcomm Inc. (QCOM) announced on Friday evening that Paul Jacobs will not be re-nominated to its board of directors at its Annual Meeting of Stockholders on March 23, 2018, following his decision to explore the possibility of making a proposal to acquire the company. Qualcomm&nbsp;...</p>
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Becky PetersonbeckpetersonBusiness InsiderQualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBankhttp://moves.boardprospects.com/articles/2901055/qualcomm-s-ex-chairman-is-trying-to-buy-the-compan/Paul Jacobs, the recent chairman of Qualcomm is looking to buyout the company, according to the Financial Times. This news comes four days after President Trump blocked Qualcomm's acquisition by Broadcom on the grounds of national security. Broadcom officially withdrew its offer on Wednesday. Jacobs has spoken with several global investors about acquiring the company, including SoftBank...Thu, 15 Mar 2018 23:27:23 -0400http://moves.boardprospects.com/articles/2901055/qualcomm-s-ex-chairman-is-trying-to-buy-the-compan/BoardNews
<ul>
<li>Paul Jacobs, the recent chairman of Qualcomm is looking to buyout the company, according to the Financial Times.</li>
<li>This news comes four days after President Trump blocked Qualcomm's acquisition by Broadcom on the grounds of national security. Broadcom officially withdrew its offer on Wednesday.</li>
<li>Jacobs has spoken with several global investors about acquiring the company, including SoftBank...</li>
</ul>
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Reutersreuters.comElliott Asks to Replace Telecom Italia Board Members, including Vivendi CEOhttp://moves.boardprospects.com/articles/2901893/elliott-asks-to-replace-telecom-italia-board-membe/(Reuters) - Activist investor Elliott proposed to oust the French chairman of Telecom Italia (TIM) ( TLIT.MI ) and install leaders of Italy's corporate establishment on the board as part of an intensifying campaign to force a shakeup at the former state phone monopoly...Fri, 16 Mar 2018 07:04:57 -0400http://moves.boardprospects.com/articles/2901893/elliott-asks-to-replace-telecom-italia-board-membe/BoardNews
<p>(Reuters) - Activist investor Elliott proposed to oust the French chairman of Telecom Italia (TIM) ( TLIT.MI ) and install leaders of Italy&rsquo;s corporate establishment on the board as part of an intensifying campaign to force a shakeup at the former state phone monopoly...</p>
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Phys.OrgGoogle Says it Pays Women Equally. An Activist Shareholder Isn't Convincedhttp://moves.boardprospects.com/articles/2902113/google-says-it-pays-women-equally-an-activist-shar/Google, which is being sued by former employees and investigated by the Labor Department for underpaying women, says it pays most of the men and women who work for the Internet giant around the globe—89% of the more than 70,000 plus employees—equally. But the remaining 11% is a question mark...Fri, 16 Mar 2018 09:38:16 -0400http://moves.boardprospects.com/articles/2902113/google-says-it-pays-women-equally-an-activist-shar/BoardNews
<p>Google, which is being sued by former employees and investigated by the Labor Department for underpaying women, says it pays most of the men and women who work for the Internet giant around the globe&mdash;89% of the more than 70,000 plus employees&mdash;equally. But the remaining 11% is a question mark...</p>
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Richard Feloni (rfeloni@businessinsider.com)RichFeloniBusiness InsiderUnilever's CEO Says That in 9 Years, No Investor has Asked him the Questions He's Waiting to Hearhttp://moves.boardprospects.com/articles/2899728/unilever-s-ceo-says-that-in-9-years-no-investor-ha/Ruben Sprich/Reuters Unilever CEO Paul Polman spoke at the CECP's CEO Investor Forum in February about the need for prioritizing long-term value. He said that while he's seen progress over the last decade, he has yet to have an investor ask him on an earnings call about topics like sustainability or diversity. He said his 10-year plan has been for the purpose of keeping Unilever healthy and relevant for years to come. This post is part of Business Insider's ongoing series on Better Capitalism...Thu, 15 Mar 2018 14:06:54 -0400http://moves.boardprospects.com/articles/2899728/unilever-s-ceo-says-that-in-9-years-no-investor-ha/BoardNews
<p>Ruben Sprich/Reuters</p>
<ul>
<li>Unilever CEO Paul Polman spoke at the&nbsp;CECP's CEO Investor Forum in February about the need for prioritizing long-term value.</li>
<li>He said that while he's seen progress over the last decade, he has yet to have an investor ask him on an earnings call about topics like sustainability or diversity.</li>
<li>He said his 10-year plan has been for the purpose of keeping Unilever healthy and relevant for years to come.</li>
<li>This post is part of Business Insider's ongoing series on&nbsp;Better Capitalism...</li>
</ul>
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CNBC.comDespite Woes, Wells Fargo Gives CEO Sloan $4.6 Million raisehttp://moves.boardprospects.com/articles/2898809/despite-woes-wells-fargo-gives-ceo-sloan-4-6-milli/While the bank is facing several investigations into its business, Sloan made $17.6 million in 2017...Wed, 14 Mar 2018 22:58:31 -0400http://moves.boardprospects.com/articles/2898809/despite-woes-wells-fargo-gives-ceo-sloan-4-6-milli/BoardNews
<p>While the bank is facing several investigations into its business, Sloan made $17.6 million in 2017...</p>
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Sharenet (Pty) LtdSHARENETIcahn Representative to AIG Board Will Not Seek Another Termhttp://moves.boardprospects.com/articles/2898854/icahn-representative-to-aig-board-will-not-seek-an/(Reuters) - Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc, will not seek re-election to the post at the insurer's annual meeting in May, the company said in a filing on Wednesday...Thu, 15 Mar 2018 01:04:40 -0400http://moves.boardprospects.com/articles/2898854/icahn-representative-to-aig-board-will-not-seek-an/BoardNews
<p>(Reuters) - Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc, will not seek re-election to the post at the insurer's annual meeting in May, the company said in a filing on Wednesday...</p>
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4-traders : one website, all marketsIcahn Taps Tech Veteran For Xerox Proxy Fighthttp://moves.boardprospects.com/articles/2899139/icahn-taps-tech-veteran-for-xerox-proxy-fight/Activist investor Carl Icahn has enlisted the help of former technology executive John Visentin to help prepare for a proxy fight with Xerox Corp. and to explore strategic alternatives for the printer and copier maker...Thu, 15 Mar 2018 07:48:36 -0400http://moves.boardprospects.com/articles/2899139/icahn-taps-tech-veteran-for-xerox-proxy-fight/BoardNews
<p>Activist investor Carl Icahn has enlisted the help of former technology executive John Visentin to help prepare for a proxy fight with Xerox Corp. and to explore strategic alternatives for the printer and copier maker...</p>
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Sinead Cruise (feedback@businessinsider.com)Business InsiderThe CEO of Barclays Has 12 Months to Fix its Investment Bankhttp://moves.boardprospects.com/articles/2898403/the-ceo-of-barclays-has-12-months-to-fix-its-inves/Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholders told Reuters. A slew of ex-JPMorgan high-fliers including rainmaker Tim Throsby and 40 newly-recruited managing directors, have joined to help revitalize the business...Wed, 14 Mar 2018 17:56:31 -0400http://moves.boardprospects.com/articles/2898403/the-ceo-of-barclays-has-12-months-to-fix-its-inves/BoardNews
<ul>
<li>Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholders told Reuters.</li>
<li>A slew of ex-JPMorgan high-fliers including rainmaker Tim Throsby and 40 newly-recruited managing directors, have joined to help revitalize the business...</li>
</ul>
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msn.comThis CEO Makes 900 Times More than Company's Typical Employeehttp://moves.boardprospects.com/articles/2898295/this-ceo-makes-900-times-more-than-company-s-typic/If there's one thing that gets people more upset than high CEO pay , it's when companies pay CEOs absurdly more than rank-and-file employees. Many big companies pay their CEOs 100 or even 300 times more than their typical workers. But the Wall Street Journal reports that one firm based in Ohio paid its CEO a whopping 935 times more than its median worker last year...Tue, 13 Mar 2018 03:00:00 -0400http://moves.boardprospects.com/articles/2898295/this-ceo-makes-900-times-more-than-company-s-typic/BoardNews
<p>If there&rsquo;s one thing that gets people more upset than high CEO pay , it&rsquo;s when companies pay CEOs absurdly more than rank-and-file employees. Many big companies pay their CEOs 100 or even 300 times more than their typical workers. But the Wall Street Journal reports that one firm based in Ohio paid its CEO a whopping 935 times more than its median worker last year...</p>
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Dan MonkCincinnati, Ohio News and WeatherActivist Pans Cincinnati Bell Growth Planshttp://moves.boardprospects.com/articles/2898277/activist-pans-cincinnati-bell-growth-plans/CINCINNATI - Activist shareholder Mario Gabelli hasn't offered much detail on changes he'd like to see at Cincinnati Bell Inc., but it's probably safe to count him as a critic of the company's planned expansion to Hawaii...Wed, 14 Mar 2018 14:49:02 -0400http://moves.boardprospects.com/articles/2898277/activist-pans-cincinnati-bell-growth-plans/BoardNews
<p>CINCINNATI - Activist shareholder Mario Gabelli hasn&rsquo;t offered much detail on changes he&rsquo;d like to see at Cincinnati Bell Inc., but it&rsquo;s probably safe to count him as a critic of the company&rsquo;s planned expansion to Hawaii...</p>
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Carolyn Y. JohnsonThe Washington PostTheranos Chief Executive Elizabeth Holmes Charged with Massive Fraudhttp://moves.boardprospects.com/articles/2898272/theranos-chief-executive-elizabeth-holmes-charged-/The company fell from grace after it was discovered that its proprietary technology was not being used in its blood tests...Wed, 14 Mar 2018 17:34:28 -0400http://moves.boardprospects.com/articles/2898272/theranos-chief-executive-elizabeth-holmes-charged-/BoardNews
<p>The company fell from grace after it was discovered that its proprietary technology was not being used in its blood tests...</p>
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Starboard Value LPPR NewswireStarboard Responds to Mellanox's Proposed Extraordinary General Meeting (EGM) in Open Letterhttp://moves.boardprospects.com/articles/2897970/starboard-responds-to-mellanoxs-proposed-extraordi/NEW YORK Starboard Value LP (together with its affiliates, "Starboard"), the largest shareholder of Mellanox Technologies, Ltd. ("Mellanox" or the "Company") (NASDAQ: MLNX), with an ownership interest of approximately 10.6% of the Company's outstanding shares, today announced that it has delivered an open letter to the shareholders of Mellanox...Mon, 12 Mar 2018 19:41:00 -0400http://moves.boardprospects.com/articles/2897970/starboard-responds-to-mellanoxs-proposed-extraordi/BoardNews
<p>NEW YORK Starboard Value LP (together with its affiliates, "Starboard"), the largest shareholder of Mellanox Technologies, Ltd. ("Mellanox" or the "Company") (NASDAQ: MLNX), with an ownership interest of approximately 10.6% of the Company's outstanding shares, today announced that it has delivered an open letter to the shareholders of Mellanox...</p>
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StreetInsider.comNewell Brands (NWL) Directors Issue Open Letter to Shareholdershttp://moves.boardprospects.com/articles/2897760/newell-brands-nwl-directors-issue-open-letter-to-s/It is worth noting here that, during Mr. Franklin's time leading Jarden Corporation, Mr. Franklin and his company were not recognized as governance role models. Corporate governance experts and his own shareholders regularly criticized Mr. Franklin's compensation. In 2014 and 2015, Jarden's ...Wed, 14 Mar 2018 12:37:30 -0400http://moves.boardprospects.com/articles/2897760/newell-brands-nwl-directors-issue-open-letter-to-s/BoardNews
<p>It is worth noting here that, during Mr. Franklin's time leading Jarden Corporation, Mr. Franklin and his company were not recognized as governance role models. Corporate governance experts and his own shareholders regularly criticized Mr. Franklin's compensation. In 2014 and 2015, Jarden's&nbsp;...</p>
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Ciara LinnaneMarketWatchStarboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replacedhttp://moves.boardprospects.com/articles/2897634/starboard-directors-pledge-to-buy-25-million-of-ne/Activist shareholder Starboard Value LP said Wednesday that three of the directors nominated to the board of consumer brand company Newell Brands Inc. NWL, -1.35% have pledged to purchase $25 million of Newell stock with their own money if Starboard succeeds in its aim of replacing the Newell boards. Starboard and other participants in its solicitation own about 4.5% of Newell, which owns brands including Rubbermaid, Papermate and Elmer's...Wed, 14 Mar 2018 03:00:00 -0400http://moves.boardprospects.com/articles/2897634/starboard-directors-pledge-to-buy-25-million-of-ne/BoardNews
<p>Activist shareholder Starboard Value LP said Wednesday that three of the directors nominated to the board of consumer brand company Newell Brands Inc. NWL, -1.35% have pledged to purchase $25 million of Newell stock with their own money if Starboard succeeds in its aim of replacing the Newell boards. Starboard and other participants in its solicitation own about 4.5% of Newell, which owns brands including Rubbermaid, Papermate and Elmer's...</p>
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ByTom TerrarosaTom TerrarosaStock Market TodayTesla (NASDAQ:TSLA) CEO Elon Musk Could Make a Killing From His Stock Optionshttp://moves.boardprospects.com/articles/2897062/tesla-nasdaq-tsla-ceo-elon-musk-could-make-a-killi/One of two major U.S. proxy advisory firms, Glass Lewis, has recommended shareholders of electric car marker and solar panel installer Tesla Inc. ( TSLA ) vote against a proposal to grant CEO Elon Musk performance-based stock options the company says are worth about $2.6 billion at Tesla's annual meeting set for March 21. Unlike a typical Say for Pay vote, shareholders' votes will be binding for the company, and notably, Elon Musk recused his roughly 20% stake from voting...Tue, 13 Mar 2018 19:37:58 -0400http://moves.boardprospects.com/articles/2897062/tesla-nasdaq-tsla-ceo-elon-musk-could-make-a-killi/BoardNews
<p>One of two major U.S. proxy advisory firms, Glass Lewis, has recommended shareholders of electric car marker and solar panel installer Tesla Inc. ( TSLA ) vote against a proposal to grant CEO Elon Musk performance-based stock options the company says are worth about $2.6 billion at Tesla's annual meeting set for March 21. Unlike a typical Say for Pay vote, shareholders' votes will be binding for the company, and notably, Elon Musk recused his roughly 20% stake from voting...</p>
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Reutersreuters.comActivist Investor Sees Diebold Nixdorf Shares Doubling with New CEOhttp://moves.boardprospects.com/articles/2896865/activist-investor-sees-diebold-nixdorf-shares-doub/March 13, 2018 / 9:38 PM / Updated 11 minutes ago Activist investor sees Diebold Nixdorf shares doubling with new CEO Svea Herbst-Bayliss 3 Min Read BOSTON (Reuters) - Activist investor Alexander Roepers recently boosted his firm's stake in Diebold Nixdorf Inc and said the share price could double within 18 months now that there is a new chief executive at the helm of the automatic teller machine maker...Wed, 14 Mar 2018 00:04:21 -0400http://moves.boardprospects.com/articles/2896865/activist-investor-sees-diebold-nixdorf-shares-doub/BoardNews
<p>March 13, 2018 / 9:38 PM / Updated 11 minutes ago Activist investor sees Diebold Nixdorf shares doubling with new CEO Svea Herbst-Bayliss 3 Min Read BOSTON (Reuters) - Activist investor Alexander Roepers recently boosted his firm&rsquo;s stake in Diebold Nixdorf Inc and said the share price could double within 18 months now that there is a new chief executive at the helm of the automatic teller machine maker...</p>
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One America News NewsAckman's Pershing Square Trims ADP Stake as Bet Grew in Valuehttp://moves.boardprospects.com/articles/2896867/ackmans-pershing-square-trims-adp-stake-as-bet-gre/BOSTON (Reuters) – Billionaire investor William Ackman's hedge fund sold a stake in Automatic Data Processing, the firm's biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows...Wed, 14 Mar 2018 00:04:21 -0400http://moves.boardprospects.com/articles/2896867/ackmans-pershing-square-trims-adp-stake-as-bet-gre/BoardNews
<p><span>BOSTON (Reuters) &ndash; Billionaire investor William Ackman&rsquo;s hedge fund sold a stake in Automatic Data Processing, the firm&rsquo;s biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows...</span></p>
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Meaghan KilroyPensions & InvestmentsSEC Chairman Non-Committal on Dual-Class, Cybersecurity, Fiduciary Rulemakinghttp://moves.boardprospects.com/articles/2896028/sec-chairman-non-committal-on-dual-class-cybersecu/"It is an area where I would say really good lawyering and good corporate governance is necessary." Ms. Walter also asked Mr. Clayton to explain more about the SEC's initiative to address the different standards of conduct for investment advisers and broker-dealers. Mr. Clayton said it has become ...Tue, 13 Mar 2018 14:52:30 -0400http://moves.boardprospects.com/articles/2896028/sec-chairman-non-committal-on-dual-class-cybersecu/BoardNews
<p>"It is an area where I would say really good lawyering and good corporate governance is necessary." Ms. Walter also asked Mr. Clayton to explain more about the SEC's initiative to address the different standards of conduct for investment advisers and broker-dealers. Mr. Clayton said it has become&nbsp;...</p>
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bangordailynews.comBank of America CEO Made 250 Times Pay of Median Workerhttp://moves.boardprospects.com/articles/2894522/bank-of-america-ceo-made-250-times-pay-of-median-w/CHARLOTTE, North Carolina — Bank of America CEO Brian Moynihan's 2017 compensation was 250 times more than the total pay of the bank's median employee, according to the company's annual proxy filing Monday...Mon, 12 Mar 2018 20:52:01 -0400http://moves.boardprospects.com/articles/2894522/bank-of-america-ceo-made-250-times-pay-of-median-w/BoardNews
<p><span>CHARLOTTE, North Carolina &mdash; Bank of America CEO Brian Moynihan&rsquo;s 2017 compensation was 250 times more than the total pay of the bank&rsquo;s median employee, according to the company&rsquo;s annual proxy filing Monday...</span></p>
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HomeJeff Immelt Received 72 Per Cent Pay Cut After Plunging Profits hit GEhttp://moves.boardprospects.com/articles/2895675/jeff-immelt-received-72-per-cent-pay-cut-after-plu/The cut in Jeff Immelt's final package, and a new pay structure for his successor, reflects attempts to link remuneration with performance. Peter Foley by Ed Crooks Jeff Immelt, the former chief executive of General Electric, had his total pay reduced by 72 per cent, to $US5m, for 2017, following a final year at the company marred by plunging profits, a dividend cut, and the announcement of thousands of job losses...Tue, 13 Mar 2018 06:24:13 -0400http://moves.boardprospects.com/articles/2895675/jeff-immelt-received-72-per-cent-pay-cut-after-plu/BoardNews
<p>The cut in Jeff Immelt's final package, and a new pay structure for his successor, reflects attempts to link remuneration with performance. Peter Foley by Ed Crooks Jeff Immelt, the former chief executive of General Electric, had his total pay reduced by 72 per cent, to $US5m, for 2017, following a final year at the company marred by plunging profits, a dividend cut, and the announcement of thousands of job losses...</p>
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The IndependentVolkswagen CEO Pay Soars 40% to €10m as Profits Rise Despite Emissions Cheating Fallouthttp://moves.boardprospects.com/articles/2895937/volkswagen-ceo-pay-soars-40-to-eur10m-as-profits-r/Volkswagen chief executive Matthias Mueller's pay jumped 40 per cent last year to more than €10m (£8.9m) as the carmaker's profits soared despite continued fallout from the emissions cheating scandal. The German company revealed on Tuesday that it paid its nine-strong board €50.3m in 2017 - 27 per cent more than the year before. Mr Mueller took over from Martin Winkelhorn as VW chief executive a week after the dieselgate scandal broke...Tue, 13 Mar 2018 14:22:11 -0400http://moves.boardprospects.com/articles/2895937/volkswagen-ceo-pay-soars-40-to-eur10m-as-profits-r/BoardNews
<p>Volkswagen chief executive Matthias Mueller&rsquo;s pay jumped 40 per cent last year to more than &euro;10m (&pound;8.9m) as the carmaker&rsquo;s profits soared despite continued fallout from the emissions cheating scandal. The German company revealed on Tuesday that it paid its nine-strong board &euro;50.3m in 2017 - 27 per cent more than the year before. Mr Mueller took over from Martin Winkelhorn as VW chief executive a week after the dieselgate scandal broke...</p>
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StreetInsider.comLumentum Holdings (LITE) to Acquire Oclaro (OCLR) for $1.8 Billion in Cash and Stockhttp://moves.boardprospects.com/articles/2893003/lumentum-holdings-lite-to-acquire-oclaro-oclr-for-/Lumentum Holdings Inc. (NASDAQ: LITE) and Oclaro, Inc. (NASDAQ: OCLR) announced that the two companies have signed a definitive agreement, unanimously approved by the boards of directors of both companies, pursuant to which Lumentum will acquire all of the outstanding common stock of ...Mon, 12 Mar 2018 10:55:49 -0400http://moves.boardprospects.com/articles/2893003/lumentum-holdings-lite-to-acquire-oclaro-oclr-for-/BoardNews
<p>Lumentum Holdings Inc. (NASDAQ: LITE) and Oclaro, Inc. (NASDAQ: OCLR) announced that the two companies have signed a definitive agreement, unanimously approved by the boards of directors of both companies, pursuant to which Lumentum will acquire all of the outstanding common stock of&nbsp;...</p>
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Yahoo! FinanceDow Chemical's Andrew Liveris to Depart; Jim Fitterling to be CEO of New Dow After Breakuphttp://moves.boardprospects.com/articles/2892884/dow-chemicals-andrew-liveris-to-depart-jim-fitterl/Longtime Dow Chemical Co. leader Andrew Liveris plans to step down next month, ending a nearly 14-year tenure that culminated with the chemical giant's combination last year with rival DuPont Co...Mon, 12 Mar 2018 04:03:00 -0400http://moves.boardprospects.com/articles/2892884/dow-chemicals-andrew-liveris-to-depart-jim-fitterl/BoardNews
<p><span>Longtime Dow Chemical Co. leader Andrew Liveris plans to step down next month, ending a nearly 14-year tenure that culminated with the chemical giant&rsquo;s combination last year with rival DuPont Co...</span></p>
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Reutersreuters.comDeutsche Bank Bosses to Forego Bonuses After Third Annual Losshttp://moves.boardprospects.com/articles/2891266/deutsche-bank-bosses-to-forego-bonuses-after-third/FRANKFURT (Reuters) - Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany's largest bank lost money last year. Deutsche Bank building before the bank's annual news conference in Frankfurt, Germany, February 2, 2018...Sat, 10 Mar 2018 16:37:00 -0500http://moves.boardprospects.com/articles/2891266/deutsche-bank-bosses-to-forego-bonuses-after-third/BoardNews
<p>FRANKFURT (Reuters) - Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany&rsquo;s largest bank lost money last year. Deutsche Bank building before the bank's annual news conference in Frankfurt, Germany, February 2, 2018...</p>
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businesswire.comRobbins Geller Rudman & Dowd LLP Files Class Action Suit Against Foot Locker, Inc.http://moves.boardprospects.com/articles/2889325/robbins-geller-rudman-dowd-llp-files-class-action-/NEW YORK--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/footlocker/) today ... Robbins Geller not only secures recoveries for defrauded investors, it also implements significant corporate governance reforms, helping to improve the financial ...Sat, 10 Mar 2018 00:00:00 -0500http://moves.boardprospects.com/articles/2889325/robbins-geller-rudman-dowd-llp-files-class-action-/BoardNews
<p>NEW YORK--(BUSINESS WIRE)--Robbins Geller Rudman &amp; Dowd LLP (&ldquo;Robbins Geller&rdquo;) (http://www.rgrdlaw.com/cases/footlocker/) today ... Robbins Geller not only secures recoveries for defrauded investors, it also implements significant corporate governance reforms, helping to improve the financial&nbsp;...</p>
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moneycontrolcommoneycontrol.comWomen Make Up Just 22% of S&P 500 Boards:http://moves.boardprospects.com/articles/2890391/women-make-up-just-22-of-s-p-500-boards/Gender diversity at the board level has improved steadily over the years across the world but it is still a long way for equalisation in terms of female representation at the top level, says a report. According to a Bank of America Merrill Lynch (BofAML) report, a gender diverse board better represents the company and identifies with its customers, brings a diverse range of opinions and helps the company adapt to changes...Sun, 11 Mar 2018 09:37:48 -0400http://moves.boardprospects.com/articles/2890391/women-make-up-just-22-of-s-p-500-boards/BoardNews
<p>Gender diversity at the board level has improved steadily over the years across the world but it is still a long way for equalisation in terms of female representation at the top level, says a report. According to a Bank of America Merrill Lynch (BofAML) report, a gender diverse board better represents the company and identifies with its customers, brings a diverse range of opinions and helps the company adapt to changes...</p>
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Richard Feloni (rfeloni@businessinsider.com)RichFeloniBusiness InsiderAll Executives at Johnson & Johnson are Annually Measured Against a 75-Year-Old Essayhttp://moves.boardprospects.com/articles/2888645/all-executives-at-johnson-johnson-are-annually-mea/Johnson & Johnson CEO Alex Gorsky spoke at the CECP's CEO Investor Forum in February, discussing the importance of creating long-term value. Gorsky cited J&J's 75-year-old "credo" as a major source of inspiration to the company. The entire company participates in an annual survey measuring senior leadership's performance against the credo, with resulting "credo scores."..Sat, 10 Mar 2018 15:15:00 -0500http://moves.boardprospects.com/articles/2888645/all-executives-at-johnson-johnson-are-annually-mea/BoardNews
<ul>
<li>Johnson &amp; Johnson CEO Alex Gorsky spoke&nbsp;at the CECP's CEO Investor Forum in February, discussing the importance of creating long-term value.</li>
<li>Gorsky cited J&amp;J's 75-year-old "credo" as a major source of inspiration to the company.</li>
<li>The entire company participates in an annual survey measuring senior leadership's performance against the credo, with resulting "credo scores."..</li>
</ul>
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fortune.comTesla's Elon Musk, Disney's Bob Iger: ISS Rejects Payhttp://moves.boardprospects.com/articles/2886431/tesla-s-elon-musk-disney-s-bob-iger-iss-rejects-pa/Walt Disney's shareholders have refused to endorse the pay increase of CEO Bob Iger. It's an unprecedented move, though largely symbolic. Meanwhile, Tesla's shareholders will later this month vote on the huge compensation deal for Elon Musk that could see the CEO rake in billions if the firm hits a series of valuation targets...Fri, 09 Mar 2018 17:45:22 -0500http://moves.boardprospects.com/articles/2886431/tesla-s-elon-musk-disney-s-bob-iger-iss-rejects-pa/BoardNews
<p>Walt Disney&rsquo;s shareholders have refused to endorse the pay increase of CEO Bob Iger. It&rsquo;s an unprecedented move, though largely symbolic. Meanwhile, Tesla&rsquo;s shareholders will later this month vote on the huge compensation deal for Elon Musk that could see the CEO rake in billions if the firm hits a series of valuation targets...</p>
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Business InsiderQualcomm has a New Chairman as its $117 Billion Deal with Broadcom gets Messyhttp://moves.boardprospects.com/articles/2885827/qualcomm-has-a-new-chairman-as-its-117-billion-dea/On Friday, Broadcom announced that it will not sell critical national security assets to foreign buyers if its deal to buy Qualcomm is approved. Qualcomm also announced that it has discontinued the role of executive chairman and named a new non-executive chairman...Fri, 09 Mar 2018 14:43:16 -0500http://moves.boardprospects.com/articles/2885827/qualcomm-has-a-new-chairman-as-its-117-billion-dea/BoardNews
<ul>
<li>On Friday, Broadcom announced that it will not sell critical national security assets to foreign buyers if its deal to buy Qualcomm is approved.</li>
<li>Qualcomm also announced that it has discontinued the role of executive chairman and named a new non-executive chairman...</li>
</ul>
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Reutersreuters.comInvestor State Street Uses Financial Clout to Get More Women to the Tophttp://moves.boardprospects.com/articles/2885463/investor-state-street-uses-financial-clout-to-get-/LONDON (Reuters) - Asset manager State Street Global Advisors ( STT.N ), said it will pressure companies to provide more data about the number of women employed at all levels of management and will push for greater diversity at board level. The investor, one of the world's largest with $2.8 trillion in assets under management, said it plans to begin screening European firms in the STOXX 600 and FTSE 350 .FTLC that it invests in and engaging with them over diversity...Thu, 08 Mar 2018 20:28:00 -0500http://moves.boardprospects.com/articles/2885463/investor-state-street-uses-financial-clout-to-get-/BoardNews
<p>LONDON (Reuters) - Asset manager State Street Global Advisors ( STT.N ), said it will pressure companies to provide more data about the number of women employed at all levels of management and will push for greater diversity at board level. The investor, one of the world&rsquo;s largest with $2.8 trillion in assets under management, said it plans to begin screening European firms in the STOXX 600 and FTSE 350 .FTLC that it invests in and engaging with them over diversity...</p>
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4-traders : one website, all marketsDisney Shareholders Won't Endorse CEO Robert Iger's Compensation Planshttp://moves.boardprospects.com/articles/2884373/disney-shareholders-won-t-endorse-ceo-robert-iger-/In a rare rebuke of Walt Disney Co. leadership, shareholders voted down a nonbinding endorsement of Chairman and Chief Executive Robert Iger 's compensation plans, which could balloon well over $100 million under a recent contract extension. Under the employment agreement Mr. Iger signed in December along with his company's deal to acquire assets of 21st Century Fox Inc., the executive could receive as much as $142 million worth of stock, based on the share price at the time...Thu, 08 Mar 2018 18:33:02 -0500http://moves.boardprospects.com/articles/2884373/disney-shareholders-won-t-endorse-ceo-robert-iger-/BoardNews
<p>In a rare rebuke of Walt Disney Co. leadership, shareholders voted down a nonbinding endorsement of Chairman and Chief Executive Robert Iger 's compensation plans, which could balloon well over $100 million under a recent contract extension. Under the employment agreement Mr. Iger signed in December along with his company's deal to acquire assets of 21st Century Fox Inc., the executive could receive as much as $142 million worth of stock, based on the share price at the time...</p>
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ByRonald OrolRonald OrolStock Market TodayActivists Push for Gender Diversity at Amazonhttp://moves.boardprospects.com/articles/2884820/activists-push-for-gender-diversity-at-amazon/An activist shareholder proposal seeking to press Amazon.com ( AMZN ) to improve the diversity of its board in the wake of sexual harassment allegations against a former executive is expected to come to a vote at the internet giant's annual meeting expected in May...Thu, 08 Mar 2018 23:58:00 -0500http://moves.boardprospects.com/articles/2884820/activists-push-for-gender-diversity-at-amazon/BoardNews
<p>An activist shareholder proposal seeking to press Amazon.com ( AMZN ) to improve the diversity of its board in the wake of sexual harassment allegations against a former executive is expected to come to a vote at the internet giant's annual meeting expected in May...</p>
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Reutersreuters.comDisney Shareholders Vote Against Executive Compensationhttp://moves.boardprospects.com/articles/2883674/disney-shareholders-vote-against-executive-compens/(Reuters) - Walt Disney Co said on Thursday its shareholders elected ten members to its board, but rejected executive compensation. In a non-binding vote, 52 percent of the shareholders voted against a compensation proposal...Thu, 08 Mar 2018 18:46:00 -0500http://moves.boardprospects.com/articles/2883674/disney-shareholders-vote-against-executive-compens/BoardNews
<p>(Reuters) - Walt Disney Co said on Thursday its shareholders elected ten members to its board, but rejected executive compensation. In a non-binding vote, 52 percent of the shareholders voted against a compensation proposal...</p>
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4-traders : one website, all marketsHess Sets Another Buyback, Winning Peace with Activist Investorhttp://moves.boardprospects.com/articles/2883186/hess-sets-another-buyback-winning-peace-with-activ/Hess Corp. on Thursday said it would buy back an additional $1 billion in shares, heading off a potentially nasty proxy fight with activist hedge fund Elliott Management Corp. The share purchase announcement came one day before the company's deadline for nominating new directors. Elliott, which was weighing whether to seek the ouster of John Hess, the company's chief executive, is no longer expected to do so, a person familiar with the matter said...Thu, 08 Mar 2018 15:38:04 -0500http://moves.boardprospects.com/articles/2883186/hess-sets-another-buyback-winning-peace-with-activ/BoardNews
<p>Hess Corp. on Thursday said it would buy back an additional $1 billion in shares, heading off a potentially nasty proxy fight with activist hedge fund Elliott Management Corp. The share purchase announcement came one day before the company's deadline for nominating new directors. Elliott, which was weighing whether to seek the ouster of John Hess, the company's chief executive, is no longer expected to do so, a person familiar with the matter said...</p>
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